The FTSE 100 slipped back slightly yesterday as weak energy stocks countered rising miners. The index closed down 0.4% at 5,203.
Food retailers performed poorly, with Tesco falling 2.5%, Sainsbury 1.2% and Wm Morrison 1.1%. Banks were mixed, with Barclays and RBS losing 3.3% and 0.4%, but Lloyds seeing a gain of 1.7% and HSBC 0.6% higher. Biggest faller of the day was insurance group Old Mutual, which shed 5.6%.
Miners were generally positive, with Randgold, Rio Tinto and Xstrata seeing gains of up to 1.9%, but energy stocks remained depressed as oil hung around the $73 mark.
Start your trial of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Read the latest stock market news and charts here.
Latest Videos FromMoneyWeek
Europe
In Europe, the Paris CAC 40 fell 28 points to 3,757; and the German Xetra Dax was 41 points lower at 5,648.
US
In the US, stocks ended higher. The Dow Jones rose just 0.5% to 10,337; the S&P 500 added 0.4% to 1,095; and the Nasdaq Composite gained 0.5% to 2,186.
Asia
In Japan, the Nikkei 225 fell 1.4% to 9,862; and the broader Topix index lost 1.3% to close at 873 respectively. In China, the Shanghai Composite index rose 0.5% to 3,254; and the CSI 300 gained 0.6% to 3,577.
Commodities
Brent spot was trading at $72.67 early today, and in New York, crude oil was at $71.17. Spot gold was trading at $1,128 an ounce, silver was at $17.38 and platinum was at $1,415
Currencies
In the forex markets this morning, sterling was trading against the US dollar at 1.6275 and against the euro at 1.1058. The dollar was trading at 0.6797 against the euro and 88.22 against the Japanese yen.
UK news
And today, the Bank of England's Monetary Policy Committee meets, and is not expected to make any further increase to its quantitative easing programme, after already pledging £200bn. Interest rates are expected to remain at 0.5%, as the economic recovery continues to falter.
